UAE cabinet nod for new body to tackle money laundering
DUBAI, December 14, 2020 In a cabinet meeting today (December 14), HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the formation of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism that aims to follow the country’s performance in line with international requirements in this sector. The cabinet meeting, which took place in Abu Dhabi’s Qasr Al Watan, also approved the formation of the National Human Rights Authority that aims to establish the country’s status in persevering human rights on regional and global spheres.
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